Company Valuation: freee K.K.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558,589 185,782 188,222 141,623 227,424 217,930 - -
Change - -66.74% 1.31% -24.76% 60.58% -4.17% - -
Enterprise Value (EV) 1 511,238 143,811 151,816 114,572 191,635 96,644 184,429 179,788
Change - -71.87% 5.57% -24.53% 67.26% -49.57% -0.43% -2.52%
P/E -186x -15.8x -15.1x -13.9x 165x 110x 67x 36.9x
PBR 12x 5.15x 7.32x 8.45x 11.7x 5.62x 9.76x 7.96x
PEG - -0x -4.24x 0.7x -1x -5x 0x 0.5x
Capitalization / Revenue 54.5x 12.9x 9.79x 5.57x 6.84x 2.79x 4.18x 3.49x
EV / Revenue 49.8x 10x 7.9x 4.51x 5.76x 2.28x 3.54x 2.88x
EV / EBITDA -238x -58.4x -19.2x -13.7x 188x 37.6x 30.6x 18.1x
EV / EBIT -209x -47.3x -19.2x -13.7x 314x 88.5x 44x 23x
EV / FCF -190x -45.4x -27.7x -15.4x 53x -28.3x 133x 36x
FCF Yield -0.53% -2.2% -3.61% -6.49% 1.89% -3.53% 0.75% 2.78%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -54.88 -208.2 -215.6 -174.4 23.28 18.2 54.81 99.42
Distribution rate - - - - - - - -
Net sales 1 10,258 14,380 19,219 25,431 33,271 42,442 52,090 62,399
EBITDA 1 -2,146 -2,461 -7,919 -8,387 1,020 2,574 6,027 9,925
EBIT 1 -2,442 -3,042 -7,919 -8,387 611 1,091 4,195 7,827
Net income 1 -2,756 -11,609 -12,338 -10,151 1,370 1,078 3,233 5,849
Net Debt 1 -47,351 -41,971 -36,406 -27,051 -35,790 -21,887 -33,500 -38,142
Reference price 2 10,210.00 3,280.00 3,255.00 2,422.00 3,845.00 3,670.00 3,670.00 3,670.00
Nbr of stocks (in thousands) 54,710 56,641 57,825 58,473 59,148 59,381 - -
Announcement Date 13/08/21 12/08/22 14/08/23 14/08/24 13/08/25 13/08/26 - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
280.83x4.4x90.16x-.--% 1.38B
26.2x9.68x15.83x0.77% 3,833B
124.16x54.2x87.97x-.--% 456B
479.02x20.53x81.15x-.--% 96.28B
67.86x14.32x30.19x-.--% 89.81B
107.18x9.08x24.25x-.--% 81.59B
33.64x1.62x12.95x-.--% 60.97B
188.3x - - -.--% 47.52B
32.1x6.69x32.11x-.--% 42.36B
109.33x4.32x20.97x-.--% 37.67B
Average 144.86x 13.87x 43.95x 0.08% 474.62B
Weighted average by Cap. 49.48x 14.13x 24.76x 0.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. 4478 Stock
  4. Valuation freee K.K.